Comerica Bank Has $181,000 Holdings in First Financial Co. (NASDAQ:THFF)

Comerica Bank lessened its holdings in shares of First Financial Co. (NASDAQ:THFF) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,925 shares of the bank’s stock after selling 403 shares during the quarter. Comerica Bank’s holdings in First Financial were worth $181,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in First Financial during the 4th quarter worth about $39,000. R Squared Ltd bought a new position in shares of First Financial in the 4th quarter valued at about $73,000. Ieq Capital LLC bought a new position in shares of First Financial in the 4th quarter valued at about $205,000. XTX Topco Ltd bought a new position in shares of First Financial in the 4th quarter valued at about $213,000. Finally, Intech Investment Management LLC bought a new position in shares of First Financial in the 4th quarter valued at about $284,000. Institutional investors own 72.74% of the company’s stock.

First Financial Stock Down 0.7%

Shares of THFF opened at $53.00 on Friday. First Financial Co. has a one year low of $34.61 and a one year high of $53.60. The company has a market cap of $628.10 million, a P/E ratio of 13.25 and a beta of 0.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $48.19 and a two-hundred day simple moving average of $48.43.

First Financial (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 EPS for the quarter, beating the consensus estimate of $1.29 by $0.26. The business had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. First Financial had a net margin of 15.37% and a return on equity of 8.77%. Research analysts forecast that First Financial Co. will post 5.41 EPS for the current fiscal year.

First Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.85%. First Financial’s payout ratio is presently 44.16%.

Insider Buying and Selling

In other First Financial news, Director James O. Mcdonald acquired 1,000 shares of First Financial stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $48.99 per share, with a total value of $48,990.00. Following the completion of the purchase, the director now directly owns 9,462 shares in the company, valued at $463,543.38. This trade represents a 11.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 1,708 shares of company stock valued at $83,350 over the last 90 days. 3.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

THFF has been the subject of several research reports. Janney Montgomery Scott upgraded shares of First Financial from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Monday, February 24th. StockNews.com upgraded shares of First Financial from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $55.00 price target (up from $52.00) on shares of First Financial in a research report on Thursday, February 6th.

First Financial Company Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.